Rochester Academy Of Medicine
- Assets
- $801.1k
- Revenue
- $335.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Rochester, NY
- Founding
- 01/1941
- Data as of
- 12/2021
- EIN
- 16-0743127
Organization Overview
Rochester Academy Of Medicine is located in Rochester, NY. The organization was established in 1941. As of 12/2021, Rochester Academy Of Medicine employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Academy Of Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rochester Academy Of Medicine generated $335.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $271.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
TO CULTIVATE AND ADVANCE THE SCIENCE OF MEDICINE THROUGH CONTINUING MEDICAL EDUCATION, AND PROMOTE FELLOWSHIP AMONG PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Ambrosi MBA Executive Director | Officer | 40 | $68,014 |
Leway Chen MD MPH Facc Facp Fahsa President | OfficerTrustee | 4 | $0 |
Jonathan Miller CPA Treasurer | OfficerTrustee | 2 | $0 |
Selma Mujezinovic Dnp Fnp-Bc President-Elect | OfficerTrustee | 1 | $0 |
Celia Mcintosh Secretary | OfficerTrustee | 2 | $0 |
Mary G Carey PHD RN Faha Faan Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,775 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,800 |
| Total Program Service Revenue | $73,761 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $20 |
| Royalties | $0 |
| Net Rental Income | $108,551 |
| Net Gain/Loss on Asset Sales | $10,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,014 |
| Compensation of current officers, directors, key employees. | $22,689 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,649 |
| Pension plan accruals and contributions | $987 |
| Other employee benefits | $6,375 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,359 |
| Fees for services: Other | $5,059 |
| Advertising and promotion | $0 |
| Office expenses | $18,373 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,522 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,374 |
| Insurance | $15,720 |
| All other expenses | $0 |
| Total functional expenses | $271,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,135 |
| Savings and temporary cash investments | $53,934 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,588 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $415,753 |
| Investments—publicly traded securities | $238,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,850 |
| Total assets | $801,076 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $22,785 |
| Other liabilities | $0 |
| Total liabilities | $22,785 |
| Net assets without donor restrictions | $503,680 |
| Net assets with donor restrictions | $274,611 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $801,076 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rochester Academy Of Medicine has recieved totaling $153,749.
| Awarding Organization | Amount |
|---|---|
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $153,720 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Endowment Analysis
| Beg. Balance | $242,148 |
| Earnings | $28,309 |
| Admin Expense | $2,359 |
| Other Expense | $10,168 |
| Ending Balance | $257,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Physicians Of Brooklyn Inc Brooklyn, NY | $41,439,443 | $60,589,038 |
Associated Medical Schools Of New York New York, NY | $3,460,503 | $3,960,452 |
Pennsylvania Academy Of Family Physicians Foundation Harrisburg, PA | $496,377 | $1,343,074 |
The Elmezzi Graduate School Of Molecular Medicine Westbury, NY | $0 | $0 |
Albany Medical College Alumni Association Inc Albany, NY | $7,107,404 | $658,627 |
Academy Of Medicine Of Queens County Inc Forest Hills, NY | $1,732,761 | $433,362 |
State University Of New York Downstate Medical Center Tr Alu Pittsburgh, PA | $2,952,778 | $195,965 |
Rochester Academy Of Medicine Rochester, NY | $801,076 | $335,226 |
Nassau Academy Of Medicine Garden City, NY | $6,686,714 | $204,140 |
Westchester Academy Of Medicine Valhalla, NY | $1,876,340 | $109,445 |
Suffolk Academy Of Medicine Patchogue, NY | $24,375 | $0 |
Health Occupations Students Of America Wernersville, PA | $162,304 | $0 |